Stephens Inc. AR grew its position in shares of Diageo plc (NYSE:DEO - Free Report) by 14.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,720 shares of the company's stock after buying an additional 4,089 shares during the period. Stephens Inc. AR's holdings in Diageo were worth $4,592,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Clearbridge Investments LLC raised its position in shares of Diageo by 7.0% during the 1st quarter. Clearbridge Investments LLC now owns 2,351,654 shares of the company's stock valued at $349,785,000 after acquiring an additional 154,497 shares in the last quarter. Markel Group Inc. increased its stake in Diageo by 0.5% during the second quarter. Markel Group Inc. now owns 1,366,708 shares of the company's stock valued at $172,315,000 after purchasing an additional 6,300 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Diageo by 7.1% during the second quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company's stock valued at $142,165,000 after purchasing an additional 74,745 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Diageo by 2.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,106,473 shares of the company's stock worth $139,504,000 after purchasing an additional 23,435 shares during the period. Finally, Confluence Investment Management LLC lifted its position in shares of Diageo by 10.5% in the 2nd quarter. Confluence Investment Management LLC now owns 931,740 shares of the company's stock worth $117,474,000 after buying an additional 88,159 shares during the last quarter. Institutional investors own 8.97% of the company's stock.
A number of brokerages recently weighed in on DEO. The Goldman Sachs Group downgraded shares of Diageo from a "neutral" rating to a "sell" rating in a research report on Friday, July 12th. Bank of America raised Diageo from a "neutral" rating to a "buy" rating in a report on Thursday, September 12th. Finally, Royal Bank of Canada raised Diageo from an "underperform" rating to a "sector perform" rating in a report on Monday, August 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".
Read Our Latest Analysis on DEO
DEO stock opened at $124.21 on Friday. The firm's 50-day simple moving average is $133.68 and its 200 day simple moving average is $133.10. Diageo plc has a fifty-two week low of $119.48 and a fifty-two week high of $161.64. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.
Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.
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